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Ideal Power eyes H2 sales ramp after early design win, new order from global power leader
Proactiveinvestors NA· 2025-05-15 13:51
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing technologies to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Ideal Power(IPWR) - 2025 Q1 - Quarterly Report
2025-05-15 13:30
Revenue Performance - Revenue for the three months ended March 31, 2025, was $12,003, a decrease of 84.7% compared to $78,739 for the same period in 2024[53][61] Cost and Expenses - Cost of revenue for the three months ended March 31, 2025, was $30,862, down 55.1% from $68,498 in the same period in 2024[62] - Research and development expenses increased by $201,099, or 15%, to $1,567,992 for the three months ended March 31, 2025, compared to $1,366,893 in 2024[63] - General and administrative expenses rose by $46,133, or 5%, to $899,821 for the three months ended March 31, 2025, from $853,688 in 2024[64] - Sales and marketing expenses increased by $21,549, or 7%, to $338,160 for the three months ended March 31, 2025, compared to $316,611 in 2024[65] Operational Loss - Loss from operations for the three months ended March 31, 2025, was $2,824,832, a 12% increase from the loss of $2,526,951 in 2024[66] - Net loss for the three months ended March 31, 2025, was $2,703,024, a 9% increase from the net loss of $2,469,626 in 2024[67] Financial Position - Cash and cash equivalents at March 31, 2025, were $13.7 million, with net working capital of $13.4 million[68] Cash Flow - Operating activities resulted in cash outflows of $2,066,774 for the three months ended March 31, 2025, compared to $1,875,295 in 2024[70][71] Interest Income - Net interest income for the three months ended March 31, 2025, was $121,808, compared to $57,325 in the same period in 2024[67]
Ideal Power(IPWR) - 2025 Q1 - Quarterly Results
2025-05-15 13:25
Exhibit 99.1 Ideal Power Reports First Quarter 2025 Financial Results AUSTIN, TX – May 15, 2025 -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, reports results for its first quarter ended March 31, 2025. "We had a strong start to the year as we completed SSCB prototypes related to our first design win three months ahead of schedule. We expec ...
Ideal Power Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-15 13:20
Core Insights - Ideal Power Inc. reported strong progress in its first quarter of 2025, completing solid-state circuit breaker (SSCB) prototypes ahead of schedule and anticipating initial sales ramp in the second half of the year [2][4] - The company secured an order from a third Forbes Global 500 power management leader for B-TRAN® technology, indicating growing interest in its products [2][4] - Financial results showed a decrease in commercial revenue and an increase in net loss compared to the previous year, highlighting ongoing challenges despite operational advancements [4][12] Financial Performance - Commercial revenue for Q1 2025 was $12,003, a significant decrease from $78,739 in Q1 2024 [12] - Operating expenses rose to $2.8 million in Q1 2025 from $2.5 million in Q1 2024, primarily due to increased research and development spending [4][12] - The net loss for Q1 2025 was $2.7 million, compared to a net loss of $2.5 million in Q1 2024 [4][12] Operational Highlights - The company completed SSCB prototypes related to its first design win three months ahead of schedule [4] - A potential new EV contactor program with Stellantis is progressing through internal approval [4] - Ideal Power's patent estate includes 94 issued B-TRAN® patents, with 45 issued outside the U.S. and 70 pending [4] Market Position and Strategy - Ideal Power is focused on expanding its reach in key markets through partnerships, including a sales representative partnership with Queensland Semiconductor Technologies [4] - The company expects minimal impact from recently enacted tariffs, as power semiconductors are exempt from most tariffs currently in effect [2][4] - The company aims to start its initial sales ramp in the second half of 2025, targeting industrial markets, particularly the SSCB market [2][4]
Ideal Power to Host First Quarter 2025 Results Conference Call on May 15, 2025 at 10:00 AM Eastern Time
Prnewswire· 2025-05-01 13:20
Core Viewpoint - Ideal Power Inc. is set to hold a conference call on May 15, 2025, to discuss its first-quarter results for the period ending March 31, 2025, with a press release to be issued prior to the call [1]. Group 1: Conference Call Details - The conference call will be hosted by Ideal Power President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session for analysts and investors [2]. - Interested participants can access the live conference call by dialing specific numbers for U.S./Canada and international callers, with a recommendation to connect 10 minutes early [3]. - An audio replay of the call will be available for a limited time after the live event [3]. Group 2: Company Overview - Ideal Power is recognized for its patented B-TRAN® bidirectional semiconductor power switch, which offers efficient and eco-friendly energy control solutions across various applications, including electric vehicles and renewable energy [5]. - The B-TRAN® technology provides significant performance enhancements over traditional power semiconductors, reducing conduction and switching losses, as well as operational costs [5].
Ideal Power accelerates deliveries to first design win customer
Proactiveinvestors NA· 2025-04-04 13:14
Ideal Power Inc (NASDAQ:IPWR), a company known for its innovative B-TRAN technology, continues to make big strides with the recent completion of prototypes of a solid-state circuit breaker (SSCB) product for an OEM customer. In a recent discussion with Tim Burns, the company's CFO, he outlined the rapid development of these prototypes, which were designed in collaboration with a key OEM customer and are expected to accelerate market adoption of B-TRAN enabled SSCBs. Burns also shared insights into Ideal Pow ...
Ideal Power completes solid-state circuit breaker project ahead of schedule
Proactiveinvestors NA· 2025-04-01 14:32
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Ideal Power Successfully Completes Deliverables Related to First Design Win for Solid-State Circuit Breakers
Prnewswire· 2025-04-01 13:20
Core Insights - Ideal Power Inc. has successfully completed all deliverables related to its first design win for solid-state circuit breakers (SSCBs) three months ahead of schedule [1][2][3] Company Developments - The company entered into a joint development agreement with a major Asian circuit protection equipment manufacturer to develop SSCBs using multiple B-TRAN® devices [2][3] - The integration of B-TRAN® devices into SSCB prototypes resulted in over a 60% reduction in total losses compared to traditional SiC devices, enhancing performance and adding bidirectionality [2][3] - The SSCB prototypes have been shipped to the customer for further testing, allowing for an expedited marketing process for the new ultra-low loss breaker [2][3] Market Opportunities - The initial B-TRAN®-based SSCB product is projected to generate several hundred thousand dollars in revenue in its first year, with potential to exceed one million dollars in the second year [4] - The customer plans to market this product to renewable energy and energy storage providers, with expectations of multiple B-TRAN®-enabled SSCB products in the future [4] - The overall opportunity with this customer could lead to sales of up to one million units per year, with additional applications in data centers, lighting, air conditioning systems, and electric vehicles [4] Technology Validation - The first design win and joint development agreement validate B-TRAN® as a key technology for solid-state circuit breakers, with expectations of expanded opportunities and potential design wins with large global companies [3][4]
Ideal Power(IPWR) - 2024 Q4 - Annual Report
2025-03-28 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001‑36216 IDEAL POWER INC. (Exact name of registrant as specified in its charter) DELAWARE 14‑1999058 (State or other jurisdiction of incorporation or organization) For the transition period from t ...
Ideal Power scores first design win and months ahead on program schedule
Proactiveinvestors NA· 2025-03-04 14:02
Core Insights - Ideal Power Inc is progressing ahead of schedule in its joint development program for solid-state circuit breakers, attributed to effective collaboration and integration processes [1][2] Group 1: Product Development and Market Strategy - The B-TRAN based solution is designed to fit seamlessly within existing circuit breaker designs, expediting the customer's time to market for their initial product [2] - Prototypes of the circuit breaker are expected to be completed and shipped by late March or early April, with commercial sales anticipated to begin in 2025 [2][8] - The customer initially sought a higher-performing alternative to their existing circuit breaker, which was not meeting performance expectations [3] Group 2: Competitive Advantage and Technology Differentiation - Ideal Power's technology offers a more efficient and cost-effective solution compared to silicon carbide-based devices, addressing critical issues like cost and conduction losses [4] - The company's solid-state circuit breaker technology is over 100 times faster than conventional electromechanical breakers, making it suitable for applications requiring rapid response [14] - The B-TRAN technology is designed to minimize conduction losses, which is essential for continuously conducting devices like circuit breakers [13][14] Group 3: Financial Outlook and Revenue Potential - The first design win for the solid-state circuit breaker could generate over $1 million in revenue in its second year, with expectations for scaling B-TRAN adoption across other customers [11] - Ideal Power has a serviceable addressable market opportunity of $1 billion in solid-state switchgear and $1.4 billion in energy and power [13] - The company has $15.8 million in cash and no long-term debt, allowing for strategic investments to support the transition from development to revenue generation starting in 2025 [15]